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An Abu Dhabi Pump?

Should you care one iota?
An Abu Dhabi Pump?
Jack Inabinet Jack Inabinet
Nov 29, 2023 • 1 min read
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IOTA's Moment? Blockchain developer Iota is launching the first Abu Dhabi-regulated foundation with hopes of accelerating the growth of their technology in the Middle East! IOTA is up nearly 50% on the day, but is this pump one you should ape? Probably not👇

Under recently introduced Abu Dhabi regulations meant to attract digital ledger technology (DLT) companies to the UAE, foundations – like Iota’s – can establish decentralized autonomous organizations there to operate legally and issue tokens to members.

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Jack Inabinet

Written by Jack Inabinet

542 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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